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They pay much better in USA where they also hire. SE salaries are obviously a lot smaller in Europe, thinking about FAAMG numbers is fairytales :)
Optiver hires in Amsterdam with comparable compensation to top US companies.
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This is true in general. In this case, however, there are no efforts I am aware of in the industry that can catch them. Their technological lead is so great, in so many subsystem and science areas, it's likely they will be defacto monopoly in this space for 20 years.
China flat out bribing, kidnapping or blackmailing ASML employees seems perfectly viable. Or sneaking operatives into ASML to steal trade secrets. China is the best in the world at this and they now have huge incentive to try even harder
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Some of the jobs look pretty cool, can you share what is the salary range to be expected? The website is silent about that, which in Europe almost always means underwhelming numbers.
Of course you will just get help when you get cancer and homeless people get help when they need it. It takes some money away from the higher paying jobs, and may make the salary underwhelming compared to the US. But then again, you won’t need a million dollar house in the right neighborhood to get your kids into a decent school.
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Of course you will just get help when you get cancer and homeless people get help when they need it. It takes some money away from the higher paying jobs, and may make the salary underwhelming compared to the US. But then again, you won’t need a million dollar house in the right neighborhood to get your kids into a decent school.
The US has taxes too (and their government does plenty of throwing money at things.) And many companies there still pay for health insurance. I think this argument doesn’t really make sense: taxes or other costs of doing business don’t sufficiently explain the difference in pay.
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> US is already blocking them from exporting to China Which works until China invades Taiwan. Then what?
Then what? Probably a fight that will result in one of the greatest blows to the global economy ever, as well as the collapse of China as we know it today. The Taiwanese will destroy all the fabs before China can take them. We already have a chip shortage, can you imagine what it will be like to cut current supplies by another 40-50%? The resulting sanctions alone would cripple China. Hence, status quo will remain, a…
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It really is. The machines are highly sophisticated and downtime is very costly. Code bases are heavily documented and have a bureaucratic process to protect them. ASML does have less crucial software projects that have a more normal process.
Some of the jobs look pretty cool, can you share what is the salary range to be expected? The website is silent about that, which in Europe almost always means underwhelming numbers.
They pay you 12+1 salaries (1=you get half of your salary as bonus 2 times per year, as vacation bonus).
You get 40 days of vacation (Netherlands has 25 days of vacation standard, %99 of companies)so people are very relaxed.
ASML is able relocate you from another country, moving all your house (I think it was up to €5.000 costs). Bringing family etc. They show you around city, assign a guide to explore city, help for municipality stuff etc.
They also give a temporary (2months) accommodation until you find a place, or until they move your house.
They always hire because they are growing all the time.
They have people working since 20 years or even 25 years.
To me, frankly, it's like the Google of the Netherlands, because some people try to get hired by them and retire there. It's a good company in my experience.
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Some of the jobs look pretty cool, can you share what is the salary range to be expected? The website is silent about that, which in Europe almost always means underwhelming numbers.
I have heard they pay in the higher end of Dutch companies, which is still underwhelming especially compared to FAANG.
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The US has taxes too (and their government does plenty of throwing money at things.) And many companies there still pay for health insurance. I think this argument doesn’t really make sense: taxes or other costs of doing business don’t sufficiently explain the difference in pay.
The wealth gap is a lot bigger in the US and here you can walk into a hospital even when you’re homeless and leave debt free. Anyone can apply for social security of about 1000 eur/month. People are only homeless when they have mental issues preventing them from following the steps to get them out and they can get help at any point. This is pretty different from the US.
- The lenses (actually mirrors for EUV) only demagnify by a factor of 4. So your wafer template is already extremely small and costs millions to produce.
- 13.5nm is pretty much the smallest wavelength you can reasonably handle. If you want to go smaller, you have to build a particle accelerator. (He heard that from a colleague, wasn't sure how much of that was actually true.)
- The prices in this Twitter thread are pretty spot on. The EU wants to invest into chip making to become more independent in this area. But the sums they're talking about wouldn't even pay for one such machine. Politicians don't seem to be aware of the dimensions we're talking about here.
- Also in the thread, ASML has a monopoly on this tech. Others have not invested into EUV and by now, it's pretty much impossible for anybody to catch up.
- Everyone's hiring like crazy atm. He started home office during Covid and now Zeiss says he can't even go back to the office because they don't have enough office space anymore. He doesn't mind. Everyone's distributed all over the place anyway so whether he does conference calls at the office or at home makes no difference.
- He said they're not very affected by the chip shortage.
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ASML will matter for decades unless a competitor surpasses them. US is already blocking them from exporting to China https://www.wsj.com/articles/china-wants-a-chip-machine-from... the company is probably as important as TSMC in terms of geopolitics now
> US is already blocking them from exporting to China Which works until China invades Taiwan. Then what?
If China invades Taiwan before enough TSMC plants are built in America to meet American, and by extension - Western - demand for electronics, then it's war. Period, end of story.
There is no fucking way in any timeline in any alternate universe that Western electronics companies can allow China to put their businesses on hold, because it isn't just a bunch of AMD and Qualcomm CPUs... it's every automotive company in the Western world. It's every appliance manufacturer in the Western world PLUS South Korea.
China will go right back to 1820. Damn near dead fucking last on the world stage.
The Communist party leadership would probably kill Xi Jinping before allowing him to make such a monumental mistake. And nuclear war isn't an option either, because all of China will end up completely uninhabitable if even a single major American city gets targeted.
And it won't just be "America vs. China" either, it'll be "Every Western nation vs. China". And China will lose. Badly.